Tag: Digital

Anchorage Digital sees asset custody demand surge amid crypto volatility

Amid increased scrutiny and tumultuous events in the crypto industry, Anchorage Digital, the San Francisco-based cryptocurrency firm, reports a substantial 80% increase in the assets under its custody in the first quarter of 2023. Anchorage Digital, the San Francisco-based cryptocurrency firm, reported a substantial upsurge in business, spurred by an increased desire for secure asset custody methods amidst crypto volatility and regulatory pressures, as revealed by the firm’s president. The company witnessed an 80% surge in assets under its custody in the first quarter of 2023, a sharp rise from…

The Digital Euro Isn’t a Threat to Data Privacy

As such, the ECB is looking to replicate some cash-like features, like paying offline or not needing a bank account. But in designing these experiences there will be a choice on what are the limit above which identify verifications are needed. And, to advance anti-money laundering goals, the limits are likely to end up lower than those that we de facto have with cash. If the digital euro gradually replaces cash payments, some of the privacy of cash will be sacrificed. Original Source dataDigitalEuroIsntPrivacyThreat CryptoX Portal

Payments Platform Nuggets Working With Bank of England on Privacy Layer for Digital Pound

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Crypto-friendly DBS Bank launches digital yuan payment tool

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Cryptocurrency-friendly bank DBS is cooperating with mainland China on the development of a new payment solution for the digital yuan, also known as e-CNY. DBS Bank China officially announced on July 5 the launch of the e-CNY merchant solution, allowing mainland businesses to receive payments in the central bank digital currency (CBDC). The new service will allow corporate clients of DBS Bank China to collect payments from their customers in e-CNY and conduct automated settlement of e-CNY directly into their CNY bank deposit account. DBS’ solution is designed to enable…

Researchers demonstrate ‘unconditionally secure’ quantum digital payments

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The dream of a completely secure, unhackable, absolutely private digital payment system could soon be realized thanks to new research out of the University of Vienna. In a paper published on July 4 titled “Demonstration of quantum-digital payments,” a team of researchers at the Vienna Center for Quantum Science and Technology showed off what may be the first “unconditionally secure” digital transaction system based on quantum mechanics. To accomplish this, the researchers encrypted a payment transaction using a pair of quantum entangled photons. Through this entanglement, wherein any change in…

Jinan pioneers Chinese CBDC use in transportation with digital yuan bus payments

Jinan, the capital of Shandong Province in eastern China, has taken a proactive stance in promoting the use of China’s central bank digital currency (CBDC) by initiating digital yuan payments on all of its bus routes. Initially, the city conducted a trial run of CBDC payments on two bus lines, and after a successful testing period, it has now expanded the new payment method to encompass its entire bus network. Encouraging the use of the CBDC According to a recent report by local media outlet Shunwang-Jinan Daily, the city of…

Creditors for bankrupt Voyager Digital billed $5.1M in legal fees

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New York-based law firm McDermott Will & Emery filed for compensation of $5.1 million from the creditors of bankrupt crypto brokerage firm Voyager Digital. The bill is for legal services offered between March 1 and May 13, 2023. In a July 3 court filing, the law firm billed the legal fees to the “Official Committee of Unsecured Creditors.” The court documents revealed that the law firm charged an hourly rate of $1,026.76 for its services during the period. Summary of the final bill for Voyager Digital. Source: cases.stretto.com The firm listed…

Azuki Is Rebuilding After Its Elementals Mint Mishap, Candy Digital and Palm NFT Studio Merge

What: Generative artist Vera Molnár, who is credited by many scholars as the first female digital artist, is releasing her first-and-only on-chain generative art project through art auction house Sotheby’s. Her work, which began integrating computer art in the 1960s, is regularly cited as an influence for modern generative artists such as Dmitri Cherniak and Tyler Hobbs. The 500-edition collection, formulated around three letters that have heavily influenced digital art, is a reflection of her career and how the practice has changed with the integration of NFTs. Source

Will Europe’s Digital Euro Really Protect Privacy?

You see, unlike Olejnik, I think CBCDs, if done right, could bring real economic value. I see the smart contract capabilities enabled by true peer-to-peer monetary settlement bringing new, society-wide efficiencies that bank-intermediated IOU money simply cannot. I continue to prefer a private sector-led stablecoin model and believe bitcoin and other native cryptocurrencies are critical to our financial future. But it’s simplistic to dismiss CBDCs as meaningless. Whether crypto people like it or not, CBDCs will bring the power of monetary programmability to the economy. (Bafflingly, the EC proposal would…